23, MELROSE DRIVE, PETERBOROUGH, PE2 9DN - £187,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 MELROSE DRIVE is a midsized extended detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £299,120. It was last sold for £187,000 in December 2014, which was around 20% below the average December 2014 detached price in the City of Peterborough local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

23 MELROSE DRIVE Sold Prices

Land registry data shows two sales for 23 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 23 MELROSE DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 17 DEC	£187,000	£232,539	20% below HPI
2012 3 MAY	£159,000	£205,014	22% below HPI

23 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 23 MELROSE DRIVE sales from May 2012 and December 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 23 MELROSE DRIVE be worth now?

23 MELROSE DRIVE might now be worth an estimated £299,120.

This is based on house price inflation of 60%, between December 2014 and March 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60% inflationary increase is applied to the most recent sale price for 23 MELROSE DRIVE of £187,000 on 17th December 2014. For the value to have increased from £187,000 to £299,120 over the eleven years and nine months to March 2025, the following assumptions must hold true:

• The value of 23 MELROSE DRIVE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The December 2014 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MELROSE DRIVE has not materially changed since December 2014.

How Large is 23 MELROSE DRIVE?

23 MELROSE DRIVE is 114m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 50% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 23 MELROSE DRIVE lies on this distribution: 51% of detached houses houses are smaller than 23 MELROSE DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

23 MELROSE DRIVE: Plot and Title Map

23 MELROSE DRIVE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 23 MELROSE DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 23 MELROSE DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 23 MELROSE DRIVE?

23 MELROSE DRIVE is located in PETERBOROUGH, in the PE2 postcode district. The below map shows the position of No. 23 on MELROSE DRIVE.